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Mr. Batbayar is 41 years old and lives with his wife and three children in their house in the Uvurhangai province of Mongolia. His wife, Bolormaa, helps her husband to run an agriculture business. His two sons, Purevjargal and Purevbat, are secondary school students and his four-year-old daughter, Bayarmaa, goes to kindergarten. Batbayar has been running his business of growing organic vegetables since 2005. He and his wife plant, grow and harvest organic vegetables and sell it to local customers at the local market. He and his wife have harvested a lot of organic vegetables that they plan to sell during the winter and spring months. Batbayar is requesting 2,500,000 MNT to build a storage pit to store his organic vegetables. The storage pit will keep the vegetables fresh for selling during the winter. Batbayar is a diligent, honest and hardworking person.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,392.7
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Batbayar to build a storage pit to store his organic vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Dec 3, 2012
Currency Exchange Loss:
Sep 17, 2013